White Plains, NY (PRWEB) June 24, 2013
On July 1 Pentegra Retirement Services, one of the most skilled retirement plan providers in the nation sponsoring two of the largest multiple employer plans in the U.S., will celebrate its 70th anniversary. Pentegra constructed its legacy serving as a retirement strategy fiduciary and focusing on retirement program options exclusively.

The firm was founded in 1943 by the Federal Home Loan Bank Technique to offer a retirement plan for its employees. Even though the company nevertheless serves financial institutions nationwide, it now manages far more than 3,500 retirement plans with over $ 7.five billion in retirement strategy assets with clientele that include corporations, economic institutions, and non-profit organizations, as properly as the advisors who serve them.

According to President and CEO Robert C. Albanese, who will retire on June 30, 2013, Pentegra has built its company by focusing on solutions that location our clients interests first. This is reflected in our name, which is derived from the words pension and integrity. As a program fiduciary, we are focused on performing what we do the right way. We are a business that defines itself a lot more by its values than by a distinct item or service. These values have served as the foundation of Pentegras culture, character and brand.

John Pinto, currently Executive Vice President and Chief Operating Officer, who will be the new CEO as of July 1, 2013, said, Pentegra embraces an advanced level of fiduciary duty at a time when so a lot of service providers are unwilling to accept fiduciary status. Our willingness is due to our experience running several employer plans, which require a principal fiduciary — it is built into the fabric of the plan. We have been acting as named fiduciary and administrator for decades as well as serving as the trustee in particular situations, at a time when other providers are unwilling to accept these responsibilities.

Pentegra can fulfill all 3 of the principal roles in a retirement plan — Named Fiduciary, three(16)(A) Program Administrator, and Trustee, whether or not as a fully discretionary trustee with sole authority more than the investment of strategy assets, or as a directed trustee. There is no reported provider in the nation who willingly accepts these roles nor has Pentegras 70 years of experience is such capacities.

Pinto adds, A important to our longevity, I believe, is that in contrast to an investment firm, mutual fund or insurance organization, Pentegra has also always supplied an unbiased approach to retirement plan management, totally free of proprietary fund needs. Furthermore, we perform straight with businesses and their advisors to structure the ideal program primarily based on distinct objectives and tailored business needs. Pentegra will continue to stay accurate to that commitment, and the fiduciary legacy we have constructed, for decades to come. 
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